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Property profile

1500 N Reed Rd Kokomo, IN 46901

FOR SALE
Outlet malls
Property ID
US31-1719785
100,968 SF 11.5 ac lot Built 1990
Entity Owned Owner of record is a legal entity (LLC / corporation). Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

A 100,968-square-foot industrial/commercial building is located on approximately 8 acres in Kokomo, Indiana, just south of a battery plant, with a large on-site parking area and a multi-tenant building sign. The structure includes 2 dock doors and 4 overhead doors, with interior ceiling heights ranging from 14 to 20 feet, and it provides access to and from the highway. The building is configured to support multiple business uses, including warehousing, storage, retail, and restaurant use, subject to applicable zoning and permitting.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$58k
Tax billed · 2023
Assessed value$1.93M
Assessed land$1.22M
Assessed improvement$711k
Effective rate3.00%

Value estimate

· Oct 2026
$2.48M
$2.23M – $2.73M
NOI build-up
Gross scheduled income$1.61M
Vacancy & credit loss−$71k
Operating expenses−$462k
NOI · 21.57% cap applied$1.08M

Realmo valuation models over county records.

Recently sold

No data for this section
What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

Cap rate analysis

How does the asset earn?
21.57%
$1.08M estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionHOWARD

Location intelligence

Which uses thrive at this corner?
Best fit: Hair Salon
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Hair Salon13.3
Spa & Massage13.1
Restaurant12.9

Location

1500 N Reed Rd Kokomo, IN 46901
County assessor Recorded deeds · not on file Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

14 properties nearby
Recent sales nearby
No comparable recorded sale in this ZIP
No comparable recorded sale in this ZIP. Our records hold no sale here we could set beside this property for the last 8 years. They are neighbours, not transactions.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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